116 S NORMAN C FRANCIS Parkway, New Orleans, LA 70119 (MLS# NO2549904)

Location, Tax & Legal Info

Legal Desc

1. sq 683 LOT 24 S Norman C Francis PK 31' 10"x123"

Remarks & Misc

Remarks

Exceptional mixed-use opportunity in the heart of New Orleans! This expansive 4300 sq. ft. property features two fully renovated units (2017), offering the perfect combination of modern living and strong income potential. The owner's unit showcases a beautifully updated 4-bedroom, 2.5-bath layout with high end finishes and thoughtful design throughout. The second unit spans approximately 1600 sq. ft. and offers 3 bedrooms and 2 bathrooms, providing consistent income-producing capability. Historically generating $4200/month ($50,400 annually), this property delivers an estimated ~7.9% cap rate at the current list price, making it an exceptional opportunity for both investors and owner-occupants. Zoned for both residential and commercial use, the flexibilty allows for a wide range of possibilities, including live/work, long term rental, or business use. Rare chance to own a high performing, fully renovated asset in one of New Orleans' most desirable areas.

Office/Member/Contract Info

List AOR

NOMAR

Parking

No Parking

Yes

Construction

Brick

Yes

Foundation

Slab

Yes

Roof

Composition

Yes

Heating

Central

Yes

Cooling

Central Air

Yes

Fencing

Other

Yes

Tenant Pays

Electric

Yes

Gas

Yes

Water

Yes

Property Features